All business expense deductions are claimed above the line.Employee business expenses are itemized subject to a 2% of AGI floor.
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Q3: Qualified education expenses for purposes of the
Q4: The profit motive distinguishes "business" activities from
Q6: The medical expense deduction is designed to
Q13: Rental or royalty expenses are deductible "for"
Q14: To be deductible, business expenses must be
Q15: Taxpayers are allowed to deduct mortgage interest
Q18: The phrase "ordinary and necessary" means that
Q19: Taxpayers may elect to deduct state and
Q20: The deduction for medical expenses is limited
Q21: To qualify as a charitable deduction the
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